Mis-sold Pension Transfers
Did you set up a Retirement Account with St. James’s Place, Quilter or OpenWork in the last 10 years? You could be due compensation, even if your investments are performing well.
St. James’s Place have set aside £426M to pay back clients for unwarranted service-review charges. If you were advised to move your Company Defined Benefit Pension into a SIPP or other personal pension plan, you may have lost out on valuable benefits which could adversely affect your pension income in retirement. Let us check if you are due compensation for the loss of value plus charges and 8% compensatory interest.
In most cases, a mis-sold pension is due to the loss of benefits, the high risk and/or the high service charges.
Companies that offered Defined Benefit pensions include
Armed Forces Pensions, BAE Systems, Barclays, British Airways, British Coal, British Steel, BP, BT, Dolphin Trust, Electricity Supply, Ford, Greater Manchester, Jaguar Land Rover, Government Local Authority Pensions, Marks & Spencers, Merseyside, Mineworkers, Nestlé, NHS Pension Fund, Northern Foods, Police, Premier Foods, Railway Pensions, Rolls-Royce, Royal Mail, Strathclyde, Teachers’ Pension, Tobacco Company, Transport for London, Universities Superannuation Scheme, Vauxhall, West Midlands Metropolitan and West Yorkshire Pension Fund.
FSCS coverage: If the financial adviser or firm you used no longer exists, we can still make a claim for you through the Financial Services Compensation Scheme, provided they were FCA regulated. We will need some paperwork such as proof of investment and proof of surrender value (losses).
Consumer Savings Network is a claims management company. You do not need to use a claims management company to make your complaint and if your complaint is not successful you can refer to the Financial Ombudsman Service for free.
When your case is completed we will charge a fee of up to 30% plus VAT of the funds you receive.
